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Nusantara Resources reveals improved economics for Awak Mas gold project
Gold junior Nusantara Resources (ASX: NUS) has announced a “significant improvement” in the economic assessment of its Awak Mas gold project in Indonesia following the recent upgrades to its mineral resource and ore reserve estimates. Highlights include a 240% increase in the project’s net present value (NPV) after tax to US$517 million (A$752.4 million) and […]
Nusantara lifts gold resource to 1.53Moz, mine life upped to 16 years
Nusantara Resources (ASX: NUS) has boosted its gold resource in Indonesia by 34% to 1.53 million ounces and said there is significant exploration potential still to be tested. The latest results from the its Awak Mas project in the South Sulawesi province has allowed the company to up the projected mine life from 11 to […]
Nusantara Resources secures $60 million investment in Indonesian gold project
Indonesia-focused Nusantara Resources (ASX: NUS) has inked a binding deal with energy company Indika Group to secure at least US$40 million (A$60.65 million) to develop its 2 million-ounce Awak Mas gold project in South Sulawesi. The agreement follows a non-binding term sheet signed by the parties in early December, in which Indika declared its intention […]
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